Form 8-K
8-K — Lite Strategy, Inc.
Accession: 0001193125-26-325026
Filed: 2026-07-30
Period: 2026-07-30
CIK: 0001262104
SIC: 2834 (PHARMACEUTICAL PREPARATIONS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — lits-20260730.htm (Primary)
EX-99.1 (lits-ex99_1.htm)
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8-K
8-K (Primary)
Filename: lits-20260730.htm · Sequence: 1
8-K
0001262104false00012621042026-07-302026-07-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 30, 2026
Lite Strategy, Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware
001-41827
51-0407811
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
9920 Pacific Heights Blvd.,
Suite 150
San Diego, California
92121
(Address of principal executive Offices)
(Zip Code)
Registrant’s telephone number, including area code: 858 369-7100
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, $0.00000002 par value
LITS
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On July 30, 2026, Lite Strategy, Inc. (the "Company") issued a press release announcing the repurchases of 13% of its outstanding shares of common stock since December 2025, increasing the amount of Litecoin owned by the Company per outstanding share of common stock. This press release includes certain financial information regarding the Company as of June 30, 2026. The text of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit
No.
Description
99.1
Press Release Dated_July 30, 2026
104
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LITE STRATEGY, INC.
Date:
July 30, 2026
By:
/s/ Justin J. File
Chief Executive Officer, Chief Financial Officer and Secretary
EX-99.1
EX-99.1
Filename: lits-ex99_1.htm · Sequence: 2
EX-99.1
Lite Strategy Repurchases 13% of Outstanding Shares Since December, Increasing Litecoin Backing Per Share
Lite Strategy Buys Back Roughly 4.9 Million Shares at an Average Price of $1.11 with No Debt Incurred
SAN DIEGO, July 30, 2026 — Lite Strategy, Inc. (Nasdaq: LITS) (“Lite Strategy” or the “Company”), the first U.S. public company to adopt Litecoin (LTC) as its primary treasury reserve asset, today announced that since it commenced utilization of its Share Repurchase Program (the “Program”) in December 2025 and through July 17, 2026, it has repurchased approximately 4.9 million shares of its common stock, or 13% of the shares outstanding at the time the Program commenced. The Company deployed approximately $5.4 million at an average price of $1.11 per share and funded the repurchases entirely through its active treasury operations.
“Our stock has traded well below the value of the Litecoin behind it, and we opted to not sit passively on this gap,” said Jay File, CEO and CFO of Lite Strategy. “At our NAV levels, we believe repurchasing shares is among the highest-conviction capital allocation decisions available to the Company, and that it reflects an alignment between market conditions and long-term stockholder interests. Using the proceeds from selling a measured portion of our Litecoin treasury asset to repurchase these shares at a substantial discount to NAV has effectively allowed us to monetize the discount, and, in return, it leaves more Litecoin behind each remaining share. That is what prudent and disciplined active treasury management produces.”
Lite Strategy commenced the program when its shares were trading at a discount to the net asset value (“NAV”) of the underlying Litecoin treasury asset, which reached the low 40% range during the repurchase period. By repurchasing shares at prices below NAV, each repurchase increased the amount of LTC supporting every remaining share of common stock. Through the program, that discount has narrowed to below 25%. As of July 17, 2026, Lite Strategy holds 819,070 LTC against 31,882,648 shares outstanding.
Lite Strategy financed the program entirely from treasury operations consisting of Litecoin sales and covered call premiums. At a moment when many other digital asset treasury companies are borrowing against their crypto holdings to fund buybacks, Lite Strategy’s balance sheet continues to carry no debt.
“The buyback program reflects exactly what disciplined digital asset treasury management looks like: low operating cash burn, pure Litecoin exposure, and a concrete mechanism for returning value to stockholders without compromising the core position,” said Joshua Riezman, Board Member and Chief Strategy Officer of GSR. “Having management implement this strategy while the Company trades significantly below NAV levels is to our stockholders’ advantage. Our stockholders end up owning a larger portion of the treasury without spending operational cash, without dilution and without the Company taking on leverage.”
Lite Strategy intends to continue the repurchase program for as long as it remains value accretive to stockholders. The Company plans to keep funding buybacks through active treasury management only, preserving its low-burn operations and debt-free status, while continuing to pursue additional ways to grow Litecoin backing per share and build out the broader Litecoin ecosystem. The Company ended fiscal year 2026 with cash of $5.7 million and total liabilities of $1.1 million.
Because the Company’s financial statements for the fourth quarter and full year ended June 30, 2026 have not yet been finalized or audited, and the Company’s financial closing procedures and independent audit with respect to the estimated financial information provided herein have not yet been completed, the preliminary statements regarding the Company’s current expectations with respect to its fourth quarter and full year ended June 30, 2026 cash and total liabilities and other estimates, including LTC held and the number of shares of common stock outstanding, are subject to change, and the Company’s final results for this period may differ materially from these preliminary estimates. Accordingly, you should not place undue reliance on these preliminary estimates. The Company undertakes no obligation to update or supplement the information provided in this press release until the Company releases its financial statements for the fourth quarter and full year ended June 30, 2026. The preliminary financial information included herein reflects the Company's current estimates based on information available as of the date hereof and has been prepared by Company management. This preliminary financial and operational information should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and is not necessarily indicative of the results to be achieved for any future periods. This preliminary financial and operational information could be impacted by the effects of financial closing procedures, final adjustments, and other developments.
About Lite Strategy, Inc.
Lite Strategy, Inc. (Nasdaq: LITS) is the first U.S. publicly traded company to adopt Litecoin (LTC) as its primary treasury reserve asset. The company employs an active treasury management strategy to generate yield on its LTC holdings, compound LTC per share, and create lasting stockholder value. Lite Strategy offers investors regulated, transparent and actively managed exposure to Litecoin that no ETF or passive vehicle can replicate. Lite Strategy also retains a portfolio of pharmaceutical assets, providing strategic optionality independent of its digital asset treasury. For more information, visit www.litestrategy.com.
Forward-Looking Statements
Certain statements in this press release that are not historical in nature are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s intentions and plans for the share repurchase program, believed advantages, planned LTC sales, LTC holdings, NAV discount targets and strategic direction. Actual results could differ materially from those expressed or implied due to risks and uncertainties including, but not limited to, fluctuations in the market price of LTC, the company’s ability to execute its repurchase program on favorable terms or at all, changes in the accounting treatment of digital assets, regulatory developments
affecting digital assets, and other risk factors detailed in the company’s annual report and filings with the Securities and Exchange Commission. The company does not intend to update any forward-looking statements.
Contacts:
Investor Relations:
Alliance Advisors IR
Adele Carey
SVP, Investor Relations
investor@litestrategy.com
Public Relations:
Alliance Advisors IR
Aayushi
PR & Media Associate
media@litestrategy.com
Impact3
Casey Wilson
Head of Public Relations
media@litestrategy.com
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